The third grant under the Self-Employed Income Support Scheme can now be claimed (from 30th November).
In order to qualify you must be a self-employed individual or a member of a partnership.
You must have traded in both tax years:
- 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year
- 2019 to 2020
There was an absence of specific tax increases announced by the Chancellor in his Spending Review today, but a clear indication that the Government support will have to be paid for in the future. A public sector pay freeze and a cut in overseas aid have been announced – there will be tax rises to follow at some stage.Read More
Changes to the research and development tax relief system were originally proposed for 1 April 2020 – due to various matters these changes were delayed. HMRC have now published further details of the changes to apply from 1 April 2021.
The draft legislation for the changes is published as part of documents for the Finance Bill 2021. (more…)Read More
Posted: 18 November 2020
The £1 million limit was due to expire on 1 January 2021 – it has been extended until 1 January 2022
Contact us at firstname.lastname@example.orgRead More
Posted: 18 November 2020
Companies House are urging businesses to prepare now for the UK’s departure from the EU.
The main government website for transition information and a checker tool that tells you what actions you may need to take can be found here: https://www.gov.uk/transition
The following link provides information about changes that will effect certain Companies House forms from 1 January 2021
This link provides information about changing registration from 1 January 2021, which will have an impact on certain types of entities European Economic Interest Grouping (EEIGs) and European public limited liability companies known as societas Europaea (SEs):
Both links and further information can be found here: https://www.gov.uk/government/collections/companies-house-guidance-for-limited-companies-partnerships-and-other-company-types#uk-transition
If you have any questions please contact us at email@example.com
Posted: 17 November 2020
The Treasury Direction setting out the law on the extension of the Furlough scheme into 2021 has been published. This can be found here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/935146/201112_CJRS_DIRECTION_No_5___CJRS_extension_1_Nov_-_31_Jan__SIGNED.pdfRead More
Posted: 11 November 2020
In an unexpected announcement the Chancellor announced the Coronavirus Job Retention Scheme will be extended until the end of March 2021.
There are some new, very important, deadlines to note.
For more information, deadlines and useful links please read: Client Update
For any further information please contact firstname.lastname@example.orgRead More
posted 10th November 2020
With changes coming into effect from 6th April 2021 HMRC have published an off-payroll working (IR35) guide with useful resources.
Please see the below links for the guide or to register for HMRC’s webinar.
If you have any further questions on IR35 please contact email@example.comRead More